The Leasing Fees Clause Samples
The Leasing Fees. 2.1 The Lessor and the Lessee agree and acknowledge that the leasing fees for the Leased Assets (the “Leasing Fees”) per month (“Settlement Period”) shall be determined in accordance with the Leased Assets leasing documents and confirmation sheets for the Settlement Period duly executed by the Lessor and the Lessee, and settled according to the prevailing market rates with the principle of fairness, but in any event shall not be more than the standard leasing fees charged to any third party for the same kinds of the Leased Assets and no lower than its costs.
2.2 Both the Lessor and Lessee agree and acknowledge that, the Lessee shall pay the leasing fees for the Settlement Period to the account designated by the Lessor within 30 days upon the end of each Settlement Period, and send the statement worksheet and settlement vouchers to the Lessor. The Lessor shall review the calculating procedure and results according to the documents submitted by the Lessee. In case of any error, with confirmation by both Parties, the Lessee shall make corresponding adjustments to the amount in the next Settlement Period.
The Leasing Fees. 2.1 The Lessor and the Lessee agree and acknowledge that the leasing fees for the Network Assets (the “Leasing Fees”) per month (“Settlement Period”) shall be determined in accordance with the network leasing documents and the network leasing confirmation sheets for the Settlement Period executed by the Lessor and the Lessee. The Leasing Fees shall be determined with reference to the prevailing market rates but in any event shall not be more than the leasing fees charged to any independent third party for the same kinds of the Network Assets.
2.2 Both parties agree and acknowledge that, the Lessee shall pay the leasing fees to the account designated by Party A (Party B in the case of Party A’s related subsidiaries as the Lessee, and the same hereinafter) within 30 days upon the end of each Settlement Period, and send the statement worksheet and settlement vouchers to Party A (Party B). Party A (Party B) will review the calculating results according to the documents submitted by the Lessee. In case of any error, with confirmation by both Parties, the Lessee shall make corresponding adjustments in the next Settlement Period.